Blockchain-based gaming platform Monkey Tilt has successfully raised $30 million in a Series A funding round, further solidifying its position as a leader in the intersection of crypto and gaming. This new capital will fuel the company’s ambitious expansion plans, paving the way for new features and offerings in the rapidly evolving gaming space.
Backing from Major Investors to Fuel Expansion
The Series A round, which closed on Wednesday, was led by Pantera Capital, with additional participation from several notable firms including Polychain Capital, PokerGo, Hack VC, Dream Ventures, Accomplice, Mirana, and Josh Hannah. The new investment brings the company’s total funding to over $50 million.
Since its launch in March 2024, Monkey Tilt has quickly become a standout player in the blockchain gaming scene. The company’s platform combines traditional casino games like craps and roulette with cutting-edge blockchain technology and crypto payments. The blend of gaming and digital assets has attracted attention from both seasoned players and those new to the world of blockchain.
Redefining Gaming with Crypto Payment Solutions
One of the standout features of Monkey Tilt is its robust crypto payment infrastructure. Players can wager using a wide variety of digital assets, offering flexibility that traditional casino platforms cannot match. This crypto payment solution has made Monkey Tilt an appealing destination for users looking to embrace blockchain technology within their gaming experience.
CEO and founder Sam Kiki emphasized the importance of this integration in a statement: “The reality is this industry has failed to keep up with how people want to game, connect, and interact. Monkey Tilt was designed to completely upend what we think of as the traditional gaming experience.”
The platform also includes a 24/7 sportsbook, ensuring that users have access to live betting opportunities at any time. This mix of casino games and sports betting, combined with seamless crypto transactions, positions Monkey Tilt as a major player in the emerging market for blockchain gaming.
Plans for Future Growth and New Features
With the new $30 million in funding, Monkey Tilt has ambitious plans to expand its platform and add new features. The company is set to launch a gamified crypto trading product in early 2025, allowing users to participate in digital asset trading in an interactive and engaging way. This product will combine elements of traditional trading with the dynamic, immersive nature of gaming.
Monkey Tilt’s unique approach to blending gaming, entertainment, and blockchain technology is drawing attention from investors and players alike. By tapping into the growing demand for decentralized finance (DeFi) and crypto payments, Monkey Tilt is positioning itself to capitalize on the future of gaming and digital entertainment.